Intimation for Submission of Application with BSE Ltd and CSE Ltd for reclassification of Promoters
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TTI Enterprise Ltd has formally applied to BSE and Calcutta Stock Exchange to reclassify four individuals from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI's Listing Regulations (Regulation 31A). Two of them — Kalarikkal Chandrasekharan Bindu and Kanakavally Prathapan — already hold zero shares. The other two hold negligible stakes: Mridula Mukundan with 39,500 shares (0.16%) and Venugopalan Sujith with 5,510 shares (0.02%). The move follows a board meeting on February 12, 2026, which approved the reclassification request. Combined, the four outgoing promoters together hold only about 0.18% of the company.
This is a procedural housekeeping step with negligible impact on shareholding, as the outgoing promoters collectively hold only around 0.18% of the company. Shareholders are unlikely to see any meaningful change in stock price or ownership structure from this reclassification.